Louisiana State Employees Retirement System Boosts Stake in Performance Food Group Company $PFGC

Louisiana State Employees Retirement System raised its position in shares of Performance Food Group Company (NYSE:PFGC) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,900 shares of the food distribution company’s stock after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Performance Food Group were worth $3,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Spirepoint Private Client LLC lifted its stake in shares of Performance Food Group by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company’s stock worth $619,000 after acquiring an additional 184 shares in the last quarter. CWM LLC lifted its stake in shares of Performance Food Group by 8.6% in the first quarter. CWM LLC now owns 2,332 shares of the food distribution company’s stock worth $183,000 after acquiring an additional 185 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Performance Food Group by 4.7% in the first quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company’s stock worth $366,000 after acquiring an additional 208 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Performance Food Group by 6.9% in the first quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company’s stock worth $256,000 after acquiring an additional 209 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Performance Food Group by 8.7% in the first quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company’s stock worth $222,000 after acquiring an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling

In other news, insider Donald S. Bulmer sold 4,348 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $437,060.96. Following the completion of the transaction, the insider directly owned 58,526 shares of the company’s stock, valued at approximately $5,883,033.52. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erika T. Davis sold 4,316 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total value of $433,844.32. Following the transaction, the insider directly owned 55,373 shares of the company’s stock, valued at $5,566,093.96. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,968 shares of company stock valued at $5,944,596 over the last three months. 2.80% of the stock is owned by company insiders.

Performance Food Group Stock Down 0.5%

NYSE:PFGC opened at $100.38 on Thursday. The firm has a market capitalization of $15.71 billion, a PE ratio of 46.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The stock has a 50 day moving average of $102.23 and a 200-day moving average of $91.26. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts predict that Performance Food Group Company will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. UBS Group upped their price objective on Performance Food Group from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Piper Sandler upgraded Performance Food Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $90.00 to $114.00 in a research note on Tuesday, September 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Performance Food Group in a research note on Wednesday. Finally, Wells Fargo & Company upped their price objective on Performance Food Group from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

Performance Food Group Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.